Plan Ledger DOL Form 5500 · updated monthly

K-Fab, Inc.401(k)

K-FAB, INC. 401(K) PROFIT SHARING PLAN · BERWICK, PA · plan year 2024

Reported admin expense ratio · 2024
0.93%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

K-Fab, Inc. reported $88,775 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,095 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.38% to 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Pennsylvania (2,291st of 3,651), and 8,819th of 13,661 in manufacturing. In 2024, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,923,523
Participants with balances182
Active participants145
Employer contributions$448,814
Employee contributions$565,892
Employer contribution per active participant$3,095
Average account balance$54,525
Benefits paid to participants$1,217,772
Plan auditUnmodified (clean) audit opinion
AuditorBUCKNO LISICKY & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 182 accts · $449K emplr
2023$9.1M · 176 accts · $525K emplr
2022$7.3M · 163 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,759
Total administrative$88,775
The K-Fab, Inc. 401(k) match · 2024
Employer contribution per active participant$3,095
Median for plans this size$1,313
2024$3,095 per active participant
2023$3,501 per active participant
2022$3,307 per active participant

K-Fab, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE PARAGON ALLIANCE GROUP LLC · Plan administrator · Recordkeeping$8,418
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$5,130

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock, THE PARAGON ALLIANCE GROUP LLC
2023John Hancock

This plan has changed recordkeepers within these filings. If you left K-Fab, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$88,775 · 0.93%
2023$61,931 · 0.75%
2022$29,441 · 0.38%
Same employer
Similar plansManufacturing · Pennsylvania
Stein Seal Company PA$10.1M · 0.32%
The Dl Martin Co PA$10.0M · 0.14%
Aberdeen Road Company PA$9.9M · 0.28%
Chc Solutions, Inc. PA$9.8M · 0.80%
Wound Care Concepts LLC PA$9.8M · 0.65%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 231897603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.